Enhancement Tracking

Brief

Enhancement Tracking is a workflow to track and evaluate the benefits of the Enhancements.

As a result Enhancement Tracking provides a Scorpion Chart which is $/bbl metrics of the Enhancements.

Math and Physics

The incremental oil recovery (IOR) for the given Enhancement is:

$IOR=V2\ - V1\ - V3$

where:

V2 - production increase due to Enhancement,

V1 - production loss due to downtime,

V3 - production loss due to decline rate.

IOR is calculated to selected Enhancement lifetime or to the economic limit.